COSTA MESA, Calif.— More than half of consumers feel they’re more of a target for fraud than a year ago, according to a new report.
THE news
NEW YORK—A new study predicts fintechs may not always dominate the buy now, pay later space.
ALPENA, Mich.–At least one credit union has broken through the 7% APY ceiling on a certificate of deposit.
WASHINGTON—Emphasizing it remains “highly attentive to inflation risks,” the Federal Reserve has moved to hike interest rates by 25 basis points, setting the target range for federal funds at 5.25 to 5.5%--their highest level since 2001.
VANCOUVER–The president of the Canadian Credit Union Association said it’s clear what the threat to CUs is around the globe: it’s credit unions.
NEW YORK–A new analysis of consumer complaints related to credit reports finds two-thirds are related to having someone else’s information on their report. The same report also identified the top five states where people “should complain more.”
KISSIMMEE, Fla.–Suncoast Credit Union, the largest CU in Florida, has expanded east into Central Florida for the first time with the opening of a branch here.
MOUNTAIN VIEW, Calif.–In a case that may someday have implications for credit unions as they expand their chat capabilities, Google has been sued in a putative class action in federal court in California that accuses the company of violating privacy laws and committing “ongoing theft” by scraping internet users’ online data to train its chatbot without their consent.
KAILUA, Hawaii–Hawaii Community FCU said it believes it has now resolved all issues after tech glitches caused many of its members to see thousands of dollars disappear from their accounts.
ANCHORAGE, Alaska–Global Credit Union has laid off 185 employees, including 78 in its home state of Alaska.